townhome appraisals: The Property Under Appraised - 04/04/14 11:26 PM

In the North Metro areas of the Twin Cities appraisals have been coming back fine in most instances.  The biggest challenge I have had in the last 6 month is on Townhomes. Many of those appraisal have came back in slightly low.
The challenge is that the market has been coming up but for townhomes there are normally exact homes that are recent sales that sold for less, so appraisers wont give any bump for the rising market. On single family non townhomes there are normally homes that they figured out how to stretch the price up due to other homes … (2 comments)

 
Chuck Carstensen, Minnesota/Wisconsin Real Estate Expert (RE/MAX Results)

Chuck Carstensen

Minnesota/Wisconsin Real Estate Expert

Elk River, MN

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RE/MAX Results

Address: 650 Dodge Avenue, Elk River, MN, 55330

Office: (763) 635-7228

Mobile: (612) 290-3809

I help buyers, sellers and investors with their real estate needs. In this blog I post my listings and give real estate, video marketing and personal development tips. I enjoy giving people tips, suggestions and hints that can improve their business and life.


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